Ships Profit Taxation
Income derived from the international trade of Hong Kong registered ships is exempted from profits tax. HKSAR has also entered into double taxation relief agreements with 12 countries which include:
1.China 2.USA 3.United Kingdom 4.South Korea 5.New Zealand 6.Netherlands 7.Singapore 8.Belgium 9.Denmark 10.Sri Lanka 11.Norway 12.Germany
Read more about this topic: Ship Registration In Hong Kong
Famous quotes containing the words ships, profit and/or taxation:
“I saw three ships come sailing by,
Come sailing by, come sailing by,
I saw three ships come sailing by,
On Christmas Day in the morning.”
—Unknown. As I Sat on a Sunny Bank. . .
Oxford Book of Light Verse, The. W. H. Auden, ed. (1938)
“And in this too profit begets profit.”
—Aeschylus (525–456 B.C.)
“Whether talking about addiction, taxation [on cigarettes] or education [about smoking], there is always at the center of the conversation an essential conundrum: How come we’re selling this deadly stuff anyway?”
—Anna Quindlen (b. 1952)